Technical Indicators

These are the indicators available on Medved Trader charts. Some of these are usually placed on the main chart overlaying the price action, and some can be placed on a separate chart panel at top or at bottom.

Generates, if possible, two trendlines - one ascending, one descending, based on local maxima/minima in the period specified.
The strength parameter determines how many candles have to form the local maximum/minimum.

Based on the assumption that volatility in the market is 'noise', it tries to create a trailing stop just outside the 'noise' level. One of the parameters is the multiple of the volatility of the market, and adjusting it will adjust the sensitivity of the noise filter.

This moving average weighs the price of each bar with the volume of that bar. In this way, bars with higher volume will have heavier weight in the computation of the average. An N-period VWMA first sums the product of the volume and the price for each of the last N bars. This product is then divided by the sum of the volumes to give the resulting average.

Very similar to the standard Pivot Points. The difference is that the initial Pivot Point is defined as the average of the high, low of the previous day and double the opening price of current day (H+L+O+O)/4.

Fast Stochastic - the raw stochastic line (%K) is calculated as the position of current price in the range of highest high and lowest low for the time period for %K. It is then exponentially smoothed to produce the %D line.

Fisher Transform - published by John Ehlers in the Stocks and Commodity Magazine Nov. 2002. It is used to identify price reversals and is based on the assumption that prices behave like a square wave and do not follow a Gaussian or normal distribution."

Shows the difference between current price and the price N periods ago, with the signal line being an EMA of the main line.
This indicator is the same as the Rate of Change indicator, except ROC's scale is in percent while Momentum's scale is absolute.

Very similar to MACD, this indicator based on the difference between two moving averages as a percentage. It is calculated by dividing the difference between two moving averages by the value of the shorter moving average.

Tushar Chande:, "Qstick extracts the essence of the candlestick approach by taking a moving average of the difference between the closing and the opening price. …It can be plotted over a candlestick chart to spot divergences. …When markets make giant price moves, a slackening of the momentum can be seen when Qstick crosses its trailing average. ………A longer term, trend following approach with Qstick is to use the zero crossing of the Qstick values."